Exane BNP Paribas downgraded Voestalpine (VLPNY) to Neutral from Outperform. Steelmakers are entering 2025 “still reeling from a 30% price crash over the past year,” the analyst tells investors in a research note. The firm sees 20% downside risk going into Q4 and Q1 with distributors in “wait-and-see mode.” The fall in European demand is proving “more structural than cyclical,” the analyst tells investors in a research note.
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Read More on VLPNY:
- Voestalpine upgraded to Buy from Accumulate at Erste Group
- Voestalpine price target lowered to EUR 24.90 from EUR 25.70 at Morgan Stanley
- Voestalpine price target lowered to EUR 34 from EUR 37 at Deutsche Bank
- Voestalpine AG Reports Challenging First Half 2024/25
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